Insurers to Hike Private Market Investments; Environmental Focus Grows: BlackRock November 15, 2021 By Simon Jessop and Ross Kerber GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the...
Draft COP26 Climate Deal Tries to Balance Demands of Developing and Richer Nations November 12, 2021 By Kate Abnett, Elizabeth Piper and Simon Jessop GLASGOW – A new draft agreement for the U.N. climate conference in Glasgow on Friday presses countries to be more...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...
COP26 Coal Pledge Falls Short on Support From Big User Countries as Emissions Surge November 5, 2021 By Kate Abnett and Elizabeth Piper GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference...
Coal in Crosshairs as UN Climate Summit Brings Raft of Clean Energy Pledges November 4, 2021 By Kate Abnett and Simon Jessop GLASGOW – Government representatives at the U.N. climate conference in Glasgow on Thursday will turn their focus to tackling the...
Banks, Asset Managers, Representing 40% of World’s Assets, Vow to Meet Climate Goals November 3, 2021 By Tom Metcalf and Alex Morales Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out...
Climate Protesters Spill 1,000 Liters of Fake Oil Outside Lloyd’s of London October 29, 2021 By Ryan Hesketh Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover October 21, 2021 AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the...
Insurers Need to Accelerate Exit From Oil & Gas Industry to Meet Climate Goals: Report August 26, 2021 By Tim Quinson For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts...
Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses July 9, 2021 By Alastair Marsh Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro...